CES Energy Solutions (TSE:CEU) Insider David Allyn Burroughs Sells 28,815 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) insider David Allyn Burroughs sold 28,815 shares of CES Energy Solutions stock in a transaction dated Monday, July 6th. The shares were sold at an average price of C$16.04, for a total value of C$462,192.60.

CES Energy Solutions Stock Up 0.7%

CEU opened at C$16.14 on Wednesday. The firm has a 50 day moving average price of C$17.37 and a 200 day moving average price of C$16.32. The company has a market cap of C$3.40 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 0.61 and a beta of 0.51. CES Energy Solutions Corp. has a 1 year low of C$6.81 and a 1 year high of C$19.58. The company has a debt-to-equity ratio of 55.71, a quick ratio of 1.78 and a current ratio of 2.75.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.24 earnings per share for the quarter. CES Energy Solutions had a net margin of 8.29% and a return on equity of 26.01%. The firm had revenue of C$681.51 million for the quarter. Sell-side analysts expect that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CEU. Raymond James Financial upped their price target on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research report on Thursday, March 12th. National Bank Financial lowered CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price objective on the stock. in a research report on Wednesday, May 13th. TD boosted their price objective on CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Royal Bank Of Canada upped their target price on CES Energy Solutions from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. Finally, BMO Capital Markets upgraded CES Energy Solutions from a “market perform” rating to an “outperform” rating and increased their target price for the company from C$21.00 to C$22.00 in a research note on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$19.06.

About CES Energy Solutions

CES is a leading provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. CES’ business model is relatively asset light and requires limited re-investment capital to grow. As a result, CES has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow.